宁德时代低开逾4%

Group 1 - The core viewpoint of the article indicates that Ningde Times (03750) experienced a decline in its stock price following a downgrade by JPMorgan from "Overweight" to "Neutral" due to reasonable current valuations [3] - As of the report, Ningde Times' stock opened down over 4% and was trading at 594 HKD with a transaction volume of 200 million HKD [1] - JPMorgan raised the target price for Ningde Times by 13% to 600 HKD, based on a 30 times price-to-earnings ratio for the 2026 profit forecast [3] Group 2 - The report highlights that the lock-up period for cornerstone investors, who hold nearly 50% of the issued Hong Kong shares, will expire on November 19, which may lead to selling pressure and create technical price resistance [3]